Feeding Time

The refusal to feed the population is how revolutions start. Inflation is either deliberately engineered, or it is a result of not understanding how the money supply works. That lack of understanding also underlies any suggestion that the present inflation has been caused by any of the measures taken during the recent pandemic; such suggestions are economically illiterate.

Of course, the State can issue itself with as much currency as it pleases, and then use its readily available fiscal and monetary means to control any inflationary effect, but there does have to be anything to buy. The current scarcity arises out of the sanctions regime, and that is the only way in which it is related to the war in Ukraine. None of this is in any way related to Brexit. Except, again, unless it has been contrived to be.

But when I tell you that there is going to be a hung Parliament, then you can take that to the bank. I spent the 2005 Parliament saying that it was psephologically impossible for the Heir to Blair’s Conservative Party to win an overall majority. I predicted a hung Parliament on the day that the 2017 General Election was called, and I stuck to that, entirely alone, all the way up to the publication of the exit poll eight long weeks later. And on the day that Rishi Sunak became Prime Minister, I predicted that a General Election between him and Keir Starmer would result in a hung Parliament.

To strengthen families and communities by securing economic equality and international peace through the democratic political control of the means to those ends, including national and parliamentary sovereignty, we need to hold the balance of power. Owing nothing to either main party, we must be open to the better offer. There does, however, need to be a better offer. Not a lesser evil, which in any case the Labour Party is not.